Thermoforming Plastic Market Scope
Thermoforming Plastics market report also provides a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, expert reviews and opportunities in the Thermoforming Plastics market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments.
The thermoforming plastic market is projected to grow from USD 34.8 billion in 2019 to USD 45.9 billion by 2024, at a CAGR of 5.7% between 2019 and 2024. The report provides the current thermoforming plastic market size, defines trends and presents growth forecasts for nine years from 2019 to 2024. 2018 is considered as the base year, and 2019 to 2024 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Thermoforming Plastics Market for all the regions globally.
Thermoforming is a manufacturing process used to shape plastic sheets into various products. The thermoforming plastic industry involves the production of plastic products using this process. In thermoforming, plastic sheets are heated until they become pliable and then molded into a specific shape using a mold or tool. The resulting product can be used for a variety of applications, including packaging, automotive parts, medical devices, and consumer goods.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=97181143
The thermoforming plastic industry encompasses a wide range of products, including trays, containers, cups, lids, blister packs, and other packaging solutions. This industry is particularly popular in the food and beverage sector, where thermoformed plastic products are used for packaging and serving food and beverages.
Thermoforming plastic market drivers include increasing demand for lightweight and durable packaging materials, growing popularity of thermoformed plastic products in various industries such as automotive, medical, and food packaging, and advancements in technology leading to improved efficiency and cost-effectiveness of thermoforming processes.
Restraints in the thermoforming plastic market include high cost of raw materials, lack of awareness about thermoforming and its benefits, and stringent regulations for plastic waste disposal. Additionally, fluctuations in oil prices can affect the cost of plastic production and thus have an impact on the market.
Thermoforming Plastic Market Key Points:
- Define, describe, and forecast thermoforming plastic market by plastic type, thermoforming type, parts type and region.
- Provide enterprise external environment analysis and SWOT analysis.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyse the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Thermoforming Plastic Market Key Players
- Fabri-Kal Corp. (US)
- Berry Global Inc. (US)
- Genpak LLC (US)
- Pactiv LLC (US)
- D&W Fine Pack LLC (US)
- Amcor Ltd. (Australia)
- Dart Container Corp. (US)
- Anchor Packaging (US)
- Sabert Corporation (US)
- Sonoco Products Company (US)
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=97181143
Thermoforming Plastic Market Segment Overview
Based on plastic-type
- PP
- Polystyrene
- PET
- PE
- PVC
- Bio-plastics
- ABS
PP-based thermoforming plastic comprises a major share of the thermoforming plastic market, in terms of value.
The thermoforming plastic market is segmented based on plastic-type as polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), bioplastics, acronytrile butadiene styrene (ABS), and others. The global thermoforming plastic market is dominated by the PP, in terms of value and volume. This is due to the extensive use of this plastic in packaging applications such as food, medical device, and automotive. The excellent strength to weight ratio, excellent energy management, resilient, good chemical resistance, and durability makes it an ideal choice for packaging applications.
Based on thermoforming type
- Vacuum Forming
- Pressure Forming
- Mechanical Forming
The pressure forming segment is projected to register the highest CAGR in the global thermoforming plastic market during the forecast period.
The thermoforming plastic market is segmented based on thermoforming type as vacuum forming, pressure forming, and mechanical forming. Pressure forming is cost-effective, and it can also be used to manufacture complex shapes due to which is used across all applications. Some of the major applications areas include medical equipment, office equipment, vented equipment enclosures, control pads, scientific instruments, detailed components, control panels, and multi-part assemblies.
Based on thickness
- Thin Gauge
- Thick Gauge
Based on end-use industry
- Food & Agricultural Packaging
- Consumer Goods & Appliances
- Healthcare & Pharmaceutical
- Construction
- Electrical & Electronics
- Automotive Packaging & Structures
- Others (industrial and aerospace)
Get 10% Free Customization on this Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=97181143
Based on the region
- North America
- Europe
- APAC
- MEA
- Latin America
North America is expected to account for the largest market share in the thermoforming plastic market during the forecast period.
North America led the thermoforming plastic market in 2018 due to the high demand of thermoformed structural parts and thermoformed packaging from automotive, food & agriculture packaging, consumer goods & appliances and healthcare industries in this region. The demand for thermoforming plastic will be driven by factors such as increasing electronic goods sales, high disposable income, increasing demand for packaged foods, and demographic changes. North America is home to some of the prominent thermoforming plastic manufacturers such as Pactiv LLC, Sonoco Products Company, D&W Fine Pack LLC, and so on. Technological advancements in the packaging industry primarily drive the market in this region.
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Thermoforming Plastic Market: Market Segmentation
1.3.2 Years Considered for the Report
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Limitations
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.2 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.3.1 Supply Side Analysis
2.4 Data Triangulation
2.5 Research Assumptions
2.6 Limitations
3 Executive Summary (Page No. - 29)
Continued...
Why Choose MNM?
- Authentic Method: To ensure high-level data integrity, accurate analysis, and impeccable forecasts
- Agile Approach: A faster and efficient way to cater to the needs with continuous iteration
- Targeted Market View: Targeted market view to provide pertinent information and save time of readers
- Analyst Support: For complete satisfaction of our customers
- Customization: Customization of the report’s scope as needed to meet your requirements in full
*** Also Browse Trending Report of MNM ***
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek